Part 2: Listed below are selected transactions of Schultz Store for the current year ending December 31 1. On December 5, the store received $500 from the Jackson Players as a deposit to be returned after certain furniture to be used in stage production was returned on January 15. 2. During December, cash sales totaled $798,000, which includes the 5% sales tax that must be remitted to the state by the fifteenth day of the following month. 3. On December 10, the store received $25,500 of refundable deposits relating to containers used to transport equipment parts. Assume that the inventory of containers cost store S16,000. The customers will receive their deposit upon return of the container Required: Prepare all the journal entries necessary to record the transactions noted above as they occurred and any adjusting journal entries relative to the transactions that would be required to present fair financial statements at December 31. Date each entry. For simplicity, assume that adjusting entries are recorded only once a year on December 31